NEW YORK (AP) — Total U.S. money market mutual fund assets rose $32.33 billion to $2.644 trillion for the week that ended Wednesday, according to the Investment Co. Institute.

Assets of the nation's retail money market mutual funds rose $2.85 billion to $906.93 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $160 million to $713.07 billion. Tax-exempt retail fund assets rose $2.7 billion to $193.85 billion.

Meanwhile assets of institutional money market funds rose $29.48 billion to $1.737 trillion. Among institutional funds, taxable money market fund assets rose $26.78 billion to $1.654 trillion. Assets of tax-exempt funds rose $2.71 billion to $82.96 billion.

The seven-day average yield on money market mutual funds was unchanged from the previous week at 0.02 percent in the week that ended Tuesday, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass.

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